Abu Dhabi National Co. for Building Materials (BILDCO) reported a consolidated net loss of AED 26.8 million for the 2025 fiscal year, compared to a profit of AED 12.9 million in 2024.
Net revenues decreased to AED 46.1 million from AED 52.5 million in the prior year, with a basic loss per share of AED 0.09.
The external auditor issued an adverse opinion citing missing bank confirmations, unverified inventory costs, and material uncertainty regarding the company's ability to continue as a going concern.
Following the reporting period, the company increased its share capital from 300 million to 1.5 billion shares after Abu Dhabi Integrated Investment Holding subscribed to the full issuance.